Vanguard Intermediate-Term Treasury Index ETF (NASDAQ:VGIT) Sees Strong Trading Volume – Still a Buy?

Vanguard Intermediate-Term Treasury Index ETF (NASDAQ:VGIT) shares saw unusually-strong trading volume on Wednesday . Approximately 7,338,279 shares were traded during mid-day trading, an increase of 205% from the previous session’s volume of 2,402,105 shares.The stock last traded at $58.93 and had previously closed at $59.14.

Vanguard Intermediate-Term Treasury Index ETF Stock Down 0.1 %

The firm’s fifty day simple moving average is $58.23 and its two-hundred day simple moving average is $58.94.

Vanguard Intermediate-Term Treasury Index ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Wednesday, March 5th. Investors of record on Monday, March 3rd were issued a $0.1731 dividend. The ex-dividend date of this dividend was Monday, March 3rd.

Institutional Investors Weigh In On Vanguard Intermediate-Term Treasury Index ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC increased its position in shares of Vanguard Intermediate-Term Treasury Index ETF by 1,071.1% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 445 shares of the company’s stock worth $26,000 after purchasing an additional 407 shares during the last quarter. Kestra Investment Management LLC purchased a new position in Vanguard Intermediate-Term Treasury Index ETF during the fourth quarter worth about $28,000. YANKCOM Partnership acquired a new stake in shares of Vanguard Intermediate-Term Treasury Index ETF during the fourth quarter valued at about $30,000. Bank of Jackson Hole Trust purchased a new stake in shares of Vanguard Intermediate-Term Treasury Index ETF in the 4th quarter valued at approximately $40,000. Finally, Lowe Wealth Advisors LLC acquired a new position in shares of Vanguard Intermediate-Term Treasury Index ETF in the 4th quarter worth approximately $43,000.

About Vanguard Intermediate-Term Treasury Index ETF

Vanguard Intermediate Term Government Bond ETF (the Fund) seeks to track the performance of a market-weighted government bond index with an intermediate-term, dollar-weighted average maturity. The Fund employs a passive management or indexing investment approach designed to track the performance of the Barclays Capital U.S.